yemaldo:

Seriously?

blackberlin:
Another opportunity to siphon dollars at half its price.
So the problem Nigeria is facing now is Hajj abi?

Anybody who wants to go for hajj should go and get dollars at the black market. If the govt won't give FX to those importing and creating jobs and those studying abroad, why should.they give it to Hajj pilgrims? This is just a tactic to siphon dollars by APC political cohorts. . .

Thieves in disguise. . . keep deceiving urselves.

magicminister:
The Central Bank of Nigeria has issued a circular instructing commercial banks to sell dollars to Pilgrims going to the Hajj at an exchange rate of N197.

The Central Bank explains that the sale of the forex will be funneled through commercial banks who are then mandated to sell to pilgrims at N197. Pilgrims are expected to purchase a minimum of $750 and a maximum of $1000 per pilgrim.
he circular also reveals there are a total of 65,197 Pilgrims, thus the CBN will sell as much as $65,197,000 assuming every Pilgrim buys as much as $1000 each.

Nigeria’s official exchange rate closed at about N315 which suggest that this sale could cost Nigerian tax payers about N7, 693, 246,000 in exchange rate loss (based on 315 -197=118).

This is not the first time the Central Bank is selling dollars to Pilgrims at a subsidized rate. Last August it also sold dollars at N160 at a time when the official exchange rate was about N197. Only that this time, the disparity is wider.

The implication for Nigerian tax payers is that the government is now incurring this sort of expense at a time when the economy is likely in a recession and millions are finding it hard to feed themselves. It is also at a time where the Nigerian government is running cap in hand begging foreign investors to invest in Nigeria so that we can boost our external reserves.

It also calls to question suspicions that government officials may be getting travel allowances at a different exchange rate from what is obtainable at the official interbank market.

The Central Bank of Nigeria floated the Naira on the 20th of June 2016 following a year-long policy of holding the exchange rate at a fixed rate of about N197/$1. Since floating the naira, the exchange rate has depreciated by as much 60% at the interbank and over 100% at the parallel market. The dollar closed at about N400 at the parallel market on Thursday.


http://www.vanguardngr.com/2016/08/2016-hajj-sell-dollars-to-pilgrims-n197-cbn-authorises-banks/

guywitzerogal:
So ds s the tins now only favoring the Muslims by reducing the dollar so d can travel? And wat bout us that 're nt goin for hajj?

evansjeff:
I've been trying really hard to see reasons with this government, When are Christians going for the next pilgrimage, I will wait until then before I make my comments.

seguno2:
This is one of the reasons why our country is so fcvked up.
Why not let them buy from the open market like other Nigerians?
What is the economic value added of their hajj to our country?

bashorunbazok:
Many people are blinded with hatred. Did he not order thesame for Christians going on pilgrimage recently?


President Muhammadu Buhari has approved N160 to $1 exchange rate for the Nigeria Christian Pilgrims Commission’s (NCPC) operations.

The commission’s Executive Secretary, John Keneddy-Opara, told State House correspondents after briefing Buhari on the commission’s activities at the State House, Abuja.

He said: “As you are aware, he has approved $1 to N160 for the conventional exchange rate for this pilgrimage operation and he also agreed that he will continue to encourage us, particularly as we drive to ensure self-sustenance, to make sure that the pilgrims are able to pay for the pilgrimages by removing government sponsorship.

“This is a journey and we are sure that we are going to succeed. So, he was very happy with the entire process. We are praying that God will help us to be a source of strength to Mr.

President, so that the Federal Government and states will spend the necessary resources on other things while the pilgrimage is self-funding as time goes on.

“We are already running four pilgrimages in one year. The first is the Easter pilgrimage, which has passed, the Youth Pilgrimage which we termed operation catch them young, the family pilgrimage and the overall pilgrimage. For those going to Israel for the 11 days trip, it is N379,840 and for the youth pilgrimage, it is going to cost N357,000.”

Nigerians on pilgrimage, he noted, can now undergo skill acquisition programme organised by the Nigerian Christian Pilgrims Commission and Israel’s Ministry of Agriculture, towards training them in the area of agriculture.

He added: “We are introducing the pilgrimage pilot lottery scheme that will enable people who are lucky to be able to go on this trip without much dependence on the state and the Federal Government.”

He said he was in the State House to brief the President on the activities of the commission.

“I came to brief the President on the activities of the Nigerian Christian Pilgrims Commission. Earlier, my colleague, the Chairman of Hajj Commission had come to brief him.

“I had to tell him where we are and how we started the commission and where we are today and our prayers. I want to say that the President was very happy with the commission and he said the commission has done very well.”
http://www.thenationonlineng.net/new/buhari-okays-n160-to-1-for-christian-pilgrims/

Vanillaskin:
Please with all the so called MOG in this country that claim to be able to see this and that, how come non of them where able to see into the future to warn us before now about this Buhari body odor we are suffering now

This is just too unfortunate, this government is so insensitive to the common man

Why no one saw saw this coming .
I just don't know if I can take it anymore

erusen:
bros na question oh,am not inform where do they go,when do they go,I was a Christian for many years in this country I did not hear of pilgrim

yemaldo:
Buhari okays N160 to $1 for Christian pilgrims

http://thenationonlineng.net/buhari-okays-n160-to-1-for-christian-pilgrims/
So guys let's stop pretending

obailala:
Whoever formulated or approved this policy must be a bastaaard! Africa is indeed a cursed continent.

tsdarkside:


nooo..at work....i am a leader of a construction group...am happy...the more i work the more respect i get.,,,everybody want to make selfie with me....nice people...

i am a urhobo brother..

ojun50:


don't hate being a Nigeria jst pray Nigeria get better in a short time

rhymaholic:
Is Buhari not an idiot like this? Why should the CBN give such an instruction on his directive obviously. Does he give the christians such privilege when they want to go for pilgrimage? Why can't the pilgrims go source for dollar at the rate everyone sources theirs. Businesses would go and source for dollar at 400 per dollar, then an individual or group of people that wants to go gallivant to fulfill some silly religious obligation would be giving privilege to source at a lower rate, this just shows how myopic our leaders are. I'm pro-buhari but this latest move just gives more power to the sentiment that he's trying to Islamise the country.

Pavarottii:
First Class Citizens. Shebi wen FFK was asking whether Christians are second class citizens; I saw comments of people raining insults on him that he is a thief, he is trying to cause division etc... now I hope we can see with our clear eyes; that FFK was right, this is just an example.

Even Christian business men will never get this opportunity. But Muslims will get it for a vacation.

Christians open ur eyes; cos wen it will come to ur doorstep, don't say FFK didn't warn u.

bashorunbazok:
Many people are blinded with hatred. Did he not order thesame for Christians going on pilgrimage recently?


President Muhammadu Buhari has approved N160 to $1 exchange rate for the Nigeria Christian Pilgrims Commission’s (NCPC) operations.

The commission’s Executive Secretary, John Keneddy-Opara, told State House correspondents after briefing Buhari on the commission’s activities at the State House, Abuja.

He said: “As you are aware, he has approved $1 to N160 for the conventional exchange rate for this pilgrimage operation and he also agreed that he will continue to encourage us, particularly as we drive to ensure self-sustenance, to make sure that the pilgrims are able to pay for the pilgrimages by removing government sponsorship.

“This is a journey and we are sure that we are going to succeed. So, he was very happy with the entire process. We are praying that God will help us to be a source of strength to Mr.

President, so that the Federal Government and states will spend the necessary resources on other things while the pilgrimage is self-funding as time goes on.

“We are already running four pilgrimages in one year. The first is the Easter pilgrimage, which has passed, the Youth Pilgrimage which we termed operation catch them young, the family pilgrimage and the overall pilgrimage. For those going to Israel for the 11 days trip, it is N379,840 and for the youth pilgrimage, it is going to cost N357,000.”

Nigerians on pilgrimage, he noted, can now undergo skill acquisition programme organised by the Nigerian Christian Pilgrims Commission and Israel’s Ministry of Agriculture, towards training them in the area of agriculture.

He added: “We are introducing the pilgrimage pilot lottery scheme that will enable people who are lucky to be able to go on this trip without much dependence on the state and the Federal Government.”

He said he was in the State House to brief the President on the activities of the commission.

“I came to brief the President on the activities of the Nigerian Christian Pilgrims Commission. Earlier, my colleague, the Chairman of Hajj Commission had come to brief him.

“I had to tell him where we are and how we started the commission and where we are today and our prayers. I want to say that the President was very happy with the commission and he said the commission has done very well.”
http://www.thenationonlineng.net/new/buhari-okays-n160-to-1-for-christian-pilgrims/

PUSH1:


We are discouraging imports.
Get that into your thick skull

magicminister:


Jesus is lord.
My power no reach this one.
My brother, carry your wahala and be going.

ojun50:


don't hate being a Nigeria jst pray Nigeria get better in a short time